According to Bierre, in today’s still low yield market environment and fast changing macroeconomic environment, the need for active management is greater than ever. Consequently, he proposes an unconstrained strategy which aims to combine a moderate level of risk by limiting drawdowns with an actively managed risk budget that includes the possibility to adjust duration and credit risk when yields and/or spreads are expected to rise.

Bierre joined Nordea Markets in 2001, where he was in charge of the euro area primarily targeting institutional clients as adviser on the global economic and financial outlook. From 2003 on, he continued as head of Macro & Strategy before joining the Nordea Multi-Asset team in 2008.

He started his career with Danske Bank in 1994, where he began as an assistant economist and later became a senior economist, responsible for US and Danish research.

.Concurrently, with positions in the banking sector Karsten has been affiliated with the Institute of Economics, University of Copenhagen, as an assistant professor and external examiner.